Why does TA not work (for you)?

Quote from cornixforex:

Ah ok, didn't ask about those, because thought you would not consider them legit enough.

So such a track record you are fine with?
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Yes, absolutely. I would be thrilled to see a "forex" trader demonstrate on collective 2 or covestor-- 3 months of profitable trading using TA. Show me! surf :)
 
THE STRATEGY IS TO WAIT UNTIL THESE TWO INDICATORS COINCIDE AT THE SAME TIME TO PROVIDE THE SIGNAL.

THERE ARE ABOUT 55 STOCKS IN MY QUE AND THESE SIGNALS OCCUR ONLY ONCE OR SOMETIMES TWICE IN A DAY WHEN I WATCH THE MARKET FROM 9:30 TO 11:30. TODAY ONLY 26 SEPARATE CHARTS SHOWED THE SIGNAL. 24 WOULD HAVE MADE MONEY.


DATE MKOP W/L WIN%
8-2 UP 27/3 90%
8-3 UP 18/1 95%
8-6 DWN 18/1 95%
8-7 UP 35/8 81%
8-8 DWN 47/1 98%
8-9 DWN 24/2 92%
 
Quote from dv4632:

Really fascinating debate!

IMO there's something deeper going on here that I don't think can be solved with any record of live calls or photoshopped statements.

In other threads I've seen people speculating about different people in the P&L thread and whether their statements are faked. So it's not likely that any statements will end this debate. I've also seen cases where people who did prove some run of success be written off as not sustainable or a lucky streak. And if that person disappears from the net for a while the assumption is that that they must have blown up or quit trading, thereby giving more "proof" that their success was a freak outlier occurance.

And what really takes the cake is how NoDoji has offered help to multiple struggling traders and some will refuse the offer and instead continue to carry on posting about how trading is impossible or about how they continue to lose money.

So as I said the issue here is deeper than that. I don't think this argument will ever die off no matter what anyone ever proves online.
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The way around this issue is to demonstrate in real time on a third party verification site-- there are several.

The hated Tim Sykes is the ONLY elite member to EVER demonstrate consistent profits via a 3rd party veriifier.

I challenge ANY TA USER to show 90 days of over all profitable trades on a third party verification site. If so, I will recant my position that I don't believe it can be done via TA. anyone???

Logicman, Redneck Nodoji, BR, Cornx forex-- anyone up for it?
 
Quote from R. Raskolnikov:

Surfer, aren't you going to acknowledge WRB's post?

http://www.elitetrader.com/vb/showthread.php?s=&threadid=247024&perpage=6&pagenumber=111
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I don't remember what he is referring to-- i am not surprised however that the results were not much different than randomness.

Show me on collective 2 or any other verification site-- 3 months of profitable trades. STARTING NOW, not past records. How hard can that be? Let's not keep going into the past,
 
Did you just make up the part about the results being no different than "randomness"? Where did WRB say that?

Quote from marketsurfer:

I don't remember what he is referring to-- i am not surprised however that the results were not much different than randomness.
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Quote from R. Raskolnikov:

Did you just make up the part about the results being no different than "randomness"? Where did WRB say that?
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Luck, randomness --- correct he didn't say it directly, he did say i attributed the results to luck-- which to me is part of randomness---

sorry for the confusion.

any takers on the challenge?
 
5-7 months of luck? Wow, that guy was sure lucky!! Good thing only 90 days is needed this time! LMAO

Quote from marketsurfer:

Luck, randomness --- correct he didn't say it directly, he did say i attributed the results to luck-- which to me is randomness--- sorry for the confusion.

any takers on the challenge?
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Quote from marketsurfer:

Im not interested in savants, wizards, claims of greatness, magical thinking, or anything else non quantifiable. If it can't be quantified, then by definition you can not assign probabilities but I am always hearing about "probabilities" in TA talk, even your own post.

You TAer's sound like the flat earth society-- lots of rhetoric, lots of "i know this guy" or "I do it" but no facts, no evidence, no nothing.

I don't discount the fact that there may be TA savants who use certain abilities intuition--- but this is the outlier and can't be quantified.

So carry on Wizards , magicmen and shaman of the market-----
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You clearly misunderstood my post.

I didn't say "it can't be quantified", what I said was that the "trend logic" has to drive the quantification on a case by case basis. The quantification is more like an algebraic equation than a single number. Real-time and historical data get fed through the equations to come up with the number for that specific context. The "probabilities" refer to all instances where that equation is used to generate a trade.

Expecting someone to come out and say "It takes 3 moves of 1.42% to make a trend" is ridiculous. The market is obviously much more subtle than that.
 
Quote from R. Raskolnikov:

5-7 months of luck? Wow, that guy was sure lucky!! Good thing only 90 days is needed this time! LMAO
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That's what he says. I don't remember that thread-- -- please post it again, would like to see it-- as I don't believe its as stated....

surf
 
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